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European Stocks Give Up Gains After ADP Report Shows U.S. Hiring Slowdown -- Market Talk

Dow Jones
Jun 04

1332 GMT - European stocks give up gains after ADP's monthly employment report pointed to a slowdown in hiring last month. The pan-European Stoxx Europe 600 is up 0.3%, having risen 0.7% earlier in the session. Meanwhile, the Euro Stoxx 50--a narrower index of eurozone blue-chip stocks--trades 0.25% higher. Among national indexes, Germany's DAX is up 0.2%, coming down from an intraday record high it hit in morning trading. France's CAC 40 is up 0.3% and the U.K.'s FTSE 100 is 0.2% higher. The ADP National Employment report shows 37,000 jobs were created last month, down from 62,000 in April. Economists polled by The Wall Street Journal had expected hiring to pick up pace to 110,000 new jobs. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

June 04, 2025 09:32 ET (13:32 GMT)

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